. Strategy .. Playing an active role as a “transition player” In order to support the low-carbon transition of the global economy, we can Integration in our global frameworks share our expertise and use our influence as an investor and adviser to our clients, and lead by example in our own operations. ■ Climate risk management is embedded in the Group’s Global Risk Framework and Our approach to the low-carbon transition is reviewed alongside other risks in line with the group’s sustainability and risk governance Defining the “red lines” Integration in offering Engaging with counterparts n ■ Climate change is considered within the o materiality assessment of non-financial i Identifying business practices that are not Defining processes and identifying tools to Promoting the low-carbon transition through t a risks on an annual basis r compatible with the low carbon transition support the Group’s priorities discussions with our business partners g e t ■ Our investment teams implement investment ■ All our business lines integrate considerations ■ Direct and collective engagement with ■ Ambition to “Act for climate and preserve in policies linked to recognised databases and on how to support the sustainability transition companies to enhance the development of our planet” embedded in the Group e lin exposure thresholds (incl. low-carbon transition) into their offering climate best practices investor advocacy Responsible Investment Roadmap for 2025 s either as an additional element of analysis, or in (e.g. Climate 100+, NZAMI) s ■ Our Global Advisory business integrates e climate risk considerations in its client- and the form of bespoke services and/or products ■ Operational impact of the Group on in s mandate-onboarding processes ■ Our investment businesses integrate climate climate change is considered in its u B metrics in their investment decisions and Environment Policy reporting through scoring ■ The physical risks of climate change could pose for our business operations Operational impact Philanthropic impact Empowering our employees are considered in the Group’s Business In our own practices, the Group is aiming to lead Continuity assessments and plans k R&Co4Generations provides philanthropic Developing our employees’ climate knowledge to al by example through: support in the fight against the effects of climate better serve our clients: e t change: h ■ Operational GHG reduction pathway in line ■ The Rothschild & Co Sustainability Academy k t with a net-zero trajectory by 2030, including ■ Support to organisations working to combat provides basic climate training to all employees al investment in carbon removal projects the effects of inequalities and climate change W ■ Dedicated training sessions and climate ■ Engaging with supply chain partners through donations, investments and pro-bono workshops are organised to ensure a correct advisory understanding of climate-related challenges